Downstream news

IHI Corp. and Royal Vopak have signed a joint development agreement for the proposed establishment of a joint venture for the development and operation of an ammonia terminal in Japan.

The US Energy Information Administration (EIA) has reported that California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures.

bp has reached an agreement to sell its mobility and convenience and bp pulse businesses in the Netherlands to Catom, part of bp’s previously announced divestment programme.

Gföllner Group and INNIIO have launched a joint venture, INNIO Gfoellner Power Systems LLC (IGPS), to meet the rising demand for decentralised, flexible energy solutions.

The European Commission has presented an Action Plan for the chemicals industry to strengthen the competitiveness and modernisation of the EU chemical sector.

The US Energy Information Administration (EIA) expects that Brent crude oil price will average less than US$70/bbl in 2025 and approximately US$58/bbl in 2026.

Natural State Renewables has partnered with Axens, and its technology partner, thyssenkrupp Uhde, for SAF production.

Braskem has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group.

Venture Global have announced the execution of a new 20 year sales and purchase agreement (SPA) with PETRONAS LNG Ltd.

The Port of Gothenburg has signed new agreements with one of its largest customers in the energy sector, Inter Terminals Sweden.